Peerless Inc., a large conglomerate, wants to liquidate its business in certain industries to improve its overall profitability. Which of the following industries would Peerless Inc. find it most difficult to exit?
A. the corporate training industry in which the company's commitments are mostly short-term
B. the steel industry in which the company has obligations like severance pay toward employees
C. the e-commerce industry where the company has no long-term contractual agreements with suppliers
D. the management consultancy industry in which the company's fixed costs are low
Answer: B
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